GDS Holdings Limited (NASDAQ:GDS) Stock Position Raised by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lifted its stake in shares of GDS Holdings Limited (NASDAQ:GDS) by 165.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,127 shares of the company’s stock after acquiring an additional 33,741 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in GDS were worth $1,286,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Alberta Investment Management Corp bought a new stake in shares of GDS during the 4th quarter worth $4,935,000. JPMorgan Chase & Co. boosted its position in shares of GDS by 7,553.4% in the third quarter. JPMorgan Chase & Co. now owns 610,821 shares of the company’s stock worth $12,461,000 after buying an additional 602,840 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of GDS in the third quarter worth $27,212,000. State of New Jersey Common Pension Fund D acquired a new stake in shares of GDS in the fourth quarter worth $1,938,000. Finally, Pacer Advisors Inc. boosted its position in shares of GDS by 26.5% in the fourth quarter. Pacer Advisors Inc. now owns 898,982 shares of the company’s stock worth $21,360,000 after buying an additional 188,072 shares during the period. 33.71% of the stock is owned by institutional investors.

GDS Price Performance

Shares of NASDAQ:GDS opened at $40.09 on Thursday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.25. GDS Holdings Limited has a 1 year low of $5.85 and a 1 year high of $52.50. The business has a fifty day simple moving average of $27.36 and a 200 day simple moving average of $22.16. The firm has a market cap of $7.64 billion, a price-to-earnings ratio of -13.14 and a beta of 0.12.

Analyst Ratings Changes

Several brokerages have recently commented on GDS. StockNews.com raised GDS from a “sell” rating to a “hold” rating in a research report on Tuesday, January 28th. Raymond James raised their target price on GDS from $25.00 to $53.00 and gave the stock an “outperform” rating in a research report on Friday, February 21st. Citizens Jmp raised GDS to a “strong-buy” rating in a research report on Monday, January 27th. Jefferies Financial Group cut GDS from a “buy” rating to a “hold” rating and raised their target price for the stock from $27.06 to $45.00 in a research report on Monday. Finally, Daiwa Capital Markets raised GDS from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $33.23.

About GDS

GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. The company provides colocation services comprising critical facilities space, customer-available power, racks, and cooling; managed hosting services, including business continuity and disaster recovery, network management, data storage, system security, operating system, database, and server middleware services; managed cloud services; and consulting services.